Bangladesh, Oct. 22 -- The government has revised its policy on appointing chief executives of state-owned commercial banks, allowing the experience requirement to be relaxed in exceptional cases.

The amendment, issued recently by the Financial Institutions Division (FID), applies to the appointment of managing directors (MDs) and CEOs at six banks: Sonali, Janata, Agrani, Rupali, BDBL and BASIC.

The change comes as the government has cancelled the remaining tenure of the contractual MDs and CEOs of three banks: Sonali, Janata and Rupali.

Under the earlier rule, a candidate had to be a serving or former bank officer with at least 20 years of experience.

An amendment in July this year added a requirement of at least two years of exper...